State Board of Administration of Florida Retirement System reduced its stake in Expedia Group Inc (NASDAQ:EXPE) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,030 shares of the online travel company’s stock after selling 2,674 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Expedia Group worth $21,272,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of EXPE. DnB Asset Management AS purchased a new stake in shares of Expedia Group in the second quarter valued at $2,437,000. Clinton Group Inc. purchased a new stake in shares of Expedia Group in the second quarter valued at $321,000. IFM Investors Pty Ltd lifted its position in shares of Expedia Group by 43.9% in the second quarter. IFM Investors Pty Ltd now owns 5,538 shares of the online travel company’s stock valued at $666,000 after acquiring an additional 1,689 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Expedia Group by 19.3% in the second quarter. State of Alaska Department of Revenue now owns 23,680 shares of the online travel company’s stock valued at $2,844,000 after acquiring an additional 3,830 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Expedia Group by 4.1% in the second quarter. Xact Kapitalforvaltning AB now owns 26,721 shares of the online travel company’s stock valued at $3,212,000 after acquiring an additional 1,057 shares in the last quarter. Institutional investors and hedge funds own 79.19% of the company’s stock.
EXPE has been the topic of several recent research reports. Oppenheimer set a $155.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Monday, October 22nd. Deutsche Bank reduced their price objective on Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Cowen set a $155.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, BidaskClub downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $147.67.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.53. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same period last year, the business posted $2.51 EPS. On average, equities analysts anticipate that Expedia Group Inc will post 4.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. Expedia Group’s dividend payout ratio (DPR) is 34.41%.
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Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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